financetom
Business
financetom
/
Business
/
Aston Martin limits US exports to counter Trump's tariffs, quarterly loss narrows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Aston Martin limits US exports to counter Trump's tariffs, quarterly loss narrows
May 25, 2025 9:29 PM

April 30 (Reuters) - Luxury carmaker Aston Martin

said on Wednesday it was limiting exports to the U.S. to

offset impact from President Donald Trump's tariffs, and

reported a narrower-than-expected first-quarter loss on lower

expenses and higher average prices.

Global automakers have been hit hard by Trump's 25% tariffs

on all imported vehicles and foreign-made auto parts - a key

escalation in a broader trade war that risks disrupting the

global economy. Some of those tariffs were eased on Tuesday.

The more than 110-year-old company reported an adjusted

pretax loss of 79.8 million pounds ($106.8 million) for the

three-month period ended March 31, compared with 110.5 million

pounds a year ago, and analysts' average consensus estimate of

89 million pounds.

($1 = 0.7469 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved